NFI Group (TSE:NFI) Price Target Raised to C$33.00 at TD

NFI Group (TSE:NFI) had its target price boosted by stock analysts at TD from C$26.00 to C$33.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 33.17% from the company’s current price.

A number of other equities analysts have also recently weighed in on NFI. BMO Capital Markets upped their price objective on shares of NFI Group from C$27.00 to C$32.00 in a research report on Friday. Canaccord Genuity Group upgraded NFI Group to a “strong-buy” rating in a research note on Monday, June 1st. Stifel Nicolaus lifted their price objective on NFI Group from C$25.50 to C$26.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. National Bank Financial boosted their price objective on NFI Group from C$26.00 to C$29.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce increased their target price on NFI Group from C$22.00 to C$27.00 in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$30.11.

NFI Group Stock Performance

TSE NFI traded down C$0.20 on Monday, reaching C$24.78. 237,061 shares of the company’s stock traded hands, compared to its average volume of 318,121. NFI Group has a fifty-two week low of C$12.50 and a fifty-two week high of C$26.40. The company has a debt-to-equity ratio of 196.71, a quick ratio of 0.55 and a current ratio of 1.18. The firm has a market cap of C$2.95 billion, a price-to-earnings ratio of -23.77, a P/E/G ratio of -0.07 and a beta of 0.16. The stock has a 50 day moving average price of C$24.05 and a 200-day moving average price of C$20.77.

NFI Group (TSE:NFI) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.33 earnings per share (EPS) for the quarter. NFI Group had a return on equity of 10.42% and a net margin of 1.55%.The business had revenue of C$1.46 billion during the quarter. Equities research analysts predict that NFI Group will post 1.2814107 EPS for the current fiscal year.

Insider Activity at NFI Group

In other NFI Group news, Director Daniel Barclay purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of C$20.76 per share, with a total value of C$519,000.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at approximately C$1,038,000. This represents a 100.00% increase in their position. Also, insider Stephen King purchased 1,050 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of C$23.85 per share, with a total value of C$25,042.50. Following the transaction, the insider directly owned 5,512 shares in the company, valued at C$131,461.20. This trade represents a 23.53% increase in their ownership of the stock. Insiders acquired 242,015 shares of company stock worth $5,025,732 over the last 90 days. 0.62% of the stock is currently owned by corporate insiders.

NFI Group Company Profile

Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation. With over 9,000 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motorcoaches), Alexander Dennis Limited (single- and double-deck buses), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts¿.